eCommerce sales have skyrocketed worldwide. In Q4 of 2022, which ended Jan. 31, Walmart’s digital sales reached the results the company witnessed during the COVID-related eCommerce rise in fiscal 2021. Let’s look at more details and see who eMerchantBroker can help you take your online business to the next level with ease.
Walmart eCommerce Sales Growing
Based on data from the U.S. Department of Commerce, the eCommerce sales in the country have been increasing steadily for over 10 years. However, they significantly grew during the last two years because of COVID-19. Specifically, total U.S. eCommerce sales jumped to $870.7 billion, in 2021, thus accounting for a 14.3% YoY (year-over-year) rise from $759.6 billion in 2020.
According to Statista, in 2021, Walmart U.S.’s eCommerce sales amounted to 43 billion U.S. dollars, thus representing over 70% growth compared to 2020. The recent two COVID-related years witnessed about 60% growth in Walmart’s share of domestic digital retail sales.
Walmart has three distinct business segments of operation: Walmart U.S., Walmart International, and Sam’s Club. Given revenue, Walmart’s strongest segment is Walmart U.S. The latter has retail stores in all 50 states and Puerto Rico.
What about your eCommerce company? What steps are you taking to boost your sales and increase revenue to stay afloat? Working with a reputable payment processing company should be in your growth plan. Otherwise, you won’t be able to fight the growing competition and will stay behind the competitors in your field.
Consider working with a respected merchant processor like eMerchantBroker to get the most advanced payment processing services at the cheapest possible rates in the industry. This is how you can be sure to get the fastest access to cutting-edge merchant processing solutions in the space.
Walmart’s Online Operation and Digital Sales
Walmart+ represents one of the essential parts of the eCommerce giant’s online operations. This is a membership program that consumers can use to enjoy free same-day grocery delivery on orders of $35 or more. Besides, the program offers free shipping on Walmart.com orders with no order minimum and other benefits such as fuel discounts.
Walmart plays a dominant role in the U.S. Food & Beverage category. As compared, the largest eCommerce company Amazon is dominant in the Clothing & Apparel, Sporting Goods, Hobby, Music & Books, and Furniture & Home Furnishings categories.
Amazon also witnessed a surge in sales in 2021. In the same year, the company’s total sales reached $469.8 billion, thus representing a 22% rise from 2020 and going beyond the $400 billion mark for the first time.
Walmart Digital Sales Increasing
eCommerce sales have skyrocketed during the recent two years because of COVID-19. Walmart has witnessed a surge in its digital sales. The same is also true of Amazon. To grow your eCommerce sales, turn to a reputable merchant processor in the country.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest-rated high risk merchant account processor in the country. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.